Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 294,912 shares of the semiconductor company's stock after selling 12,817 shares during the quarter. Corebridge Financial Inc.'s holdings in Texas Instruments were worth $55,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TXN. United Services Automobile Association increased its position in Texas Instruments by 0.9% during the fourth quarter. United Services Automobile Association now owns 21,155 shares of the semiconductor company's stock valued at $3,967,000 after acquiring an additional 187 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in Texas Instruments during the 4th quarter valued at about $132,000. Vanguard Group Inc. raised its position in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after purchasing an additional 649,620 shares during the period. Napatree Capital LLC lifted its stake in Texas Instruments by 10.4% in the fourth quarter. Napatree Capital LLC now owns 1,441 shares of the semiconductor company's stock worth $270,000 after purchasing an additional 136 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Texas Instruments by 5.6% during the fourth quarter. LPL Financial LLC now owns 630,922 shares of the semiconductor company's stock valued at $118,304,000 after buying an additional 33,403 shares during the period. Institutional investors own 84.99% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

TXN has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial decreased their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average price target of $209.20.

Texas Instruments Stock Down 2.5 %

Shares of TXN stock traded down $4.43 during mid-day trading on Friday, hitting $176.33. 5,490,538 shares of the stock traded hands, compared to its average volume of 5,708,235. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The stock has a market cap of $160.45 billion, a P/E ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock's fifty day moving average is $186.45 and its two-hundred day moving average is $194.71.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the business earned $1.49 earnings per share. Equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by insiders.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.